A new look at the crude oil prices and economic growth nexus: asymmetric evidence from Alaska

2020 ◽  
Author(s):  
Jungho Baek ◽  
Taylor B. Young
Keyword(s):  
Economic Growth ◽  
Crude Oil ◽  
Oil Prices ◽  
Crude Oil Prices ◽  
New Look

scholarly journals THE EFFECT OF CRUDE OIL PRICES ON INFLATION, INTEREST RATES AND ECONOMIC GROWTH IN INDONESIA

2019 ◽  
Vol 9 (5) ◽  
pp. 14-19
Author(s):  
Rostin Rostin ◽  
Abd Azis Muthalib ◽  
Pasrun Adam ◽  
Muh. Nur ◽  
Zainudin Saenong ◽  
...  
Keyword(s):  
Economic Growth ◽  
Crude Oil ◽  
Interest Rates ◽  
Oil Prices ◽  
Crude Oil Prices

scholarly journals Impact of FDI inflow, crude oil prices, and economic growth on CO2 emission in Tunisia: Symmetric and asymmetric analysis through ARDL and NARDL approach

2021 ◽  
Vol 12 (1) ◽  
pp. 1-13
Author(s):  
Tarek Ghazouani
Keyword(s):  
Economic Growth ◽  
Crude Oil ◽  
Carbon Emissions ◽  
Co2 Emission ◽  
Oil Prices ◽  
Oil Price ◽  
Crude Oil Price ◽  
Fdi Inflows ◽  
Crude Oil Prices ◽  
Long Run

This study explores the symmetric and asymmetric impact of real GDP per capita, FDI inflow, and crude oil price on CO2 emission in Tunisia for the 1972–2016 period. Using the cointegration tests, namely ARDL and NARDL bound test, the results show that the variables are associated in a long run relationship. Long run estimates from both approach confirms the validity of ECK hypothesis for Tunisia. Symmetric analysis reveals that economic growth and the price of crude oil adversely affect the environment, in contrast to FDI inflows that reduce CO2 emissions in the long run. Whereas the asymmetric analysis show that increase in crude oil price harm the environment and decrease in crude oil price have positive repercussions on the environment. The causality analysis suggests that a bilateral link exists between economic growth and carbon emissions and a one-way causality ranges from FDI inflows and crude oil prices to carbon emissions. Thus, some policy recommendations have been formulated to help Tunisia reduce carbon emissions and support economic development.

Analysing systemic risk and time-frequency quantile dependence between crude oil prices and BRICS equity markets indices: A new look

2019 ◽  
Vol 83 ◽  
pp. 445-466 ◽  
Author(s):  
Aviral Kumar Tiwari ◽  
Nader Trabelsi ◽  
Faisal Alqahtani ◽  
Shawkat Hammoudeh
Keyword(s):  
Crude Oil ◽  
Systemic Risk ◽  
Equity Markets ◽  
Oil Prices ◽  
Time Frequency ◽  
Crude Oil Prices ◽  
New Look

scholarly journals An ARDL Approach on Crude Oil Price and Macroeconomic Variables

2019 ◽  
Vol 4 (1) ◽  
pp. 68-73
Author(s):  
Seuk Yen Phoong ◽  
Seuk Wai Phoong
Keyword(s):  
Economic Growth ◽  
Crude Oil ◽  
Unemployment Rate ◽  
Positive Relationship ◽  
Oil Prices ◽  
Oil Price ◽  
Crude Oil Price ◽  
Macroeconomic Variables ◽  
Crude Oil Prices ◽  
Ardl Approach

Objective - The removal of fuel subsidies by the Malaysian government in 2014 has been implement with the managed float system for fuel prices. Methodology/Technique - This study investigates the impact of the managed floating system of crude oil prices on the Malaysian economy using ARDL approach by looking at macroeconomic variables such as inflation, economic growth and unemployment rates. Findings - The results show that all of the variables have short lived relationship with oil prices whereby inflation and economic growth are positively related to oil prices. However, unemployment rate has a negative relationship with the changes of WTI crude oil prices. Novelty - The major input in the economy of Malaysia contributes to a positive relationship between inflation and oil prices, whilst the contribution of Malaysia being an oil-producing country results in the positive relationship of economic growth and oil price. Likewise, as oil prices are high, the increase in demand results in increase in job opportunities. Lastly, the correlation test shows that inflation and economic growth have a high positive correlation while unemployment rate has a low negative correlation with oil price. Type of Paper: Empirical. Keywords: ARDL; Crude Oil Price; GDP; Inflation; Unemployment. JEL Classification: E10, E30, E39. DOI: https://doi.org/10.35609/jber.2019.4.1(8)

Effect of Crude Oil Prices on Economic Growth in Kenya in the Period 1981 To 2018

2020 ◽  
Vol 7 (10) ◽  
pp. 340-349
Author(s):  
PEREZ ONONO ◽  
Benedict Mutuma Kiambi ◽  
James Maingi
Keyword(s):  
Economic Growth ◽  
Crude Oil ◽  
Economic Activity ◽  
Secondary Data ◽  
Oil Prices ◽  
Bank Lending ◽  
Petroleum Products ◽  
Crude Oil Prices ◽  
The Government ◽  
Essential Resource

Crude oil is an essential resource in the day-to-day activities of a functional economy. Crude oil and petroleum products constituted 14 percent of the Kenya’s imports in 2017 up from 12 percent in 2015. As Kenya moves into an oil-exporting country, there is a need to measure the role crude oil prices play in directing the economic growth of the country. This study assessed the effect of crude oil prices on the economic growth of Kenya. Gross capital formation, bank lending rate, employment rate and debt servicing were used as control variables in the models estimated. The study employed secondary data for the period 1981 to 2018. The findings indicate that crude oil prices had a positive but insignificant effect on economic growth. The study recommends that the government diversifies its sources of energy to ensure that economic activity economy is not deeply connected to crude oil prices because of their volatility.

An Empirical Investigation of Factors Affecting Stock Prices in Vietnam

2014 ◽  
pp. 74-89 ◽  
Author(s):  
Vinh Vo Xuan
Keyword(s):  
Exchange Rates ◽  
Crude Oil ◽  
Foreign Exchange ◽  
Stock Prices ◽  
Global Financial Crisis ◽  
Oil Prices ◽  
Foreign Exchange Rates ◽  
Factors Affecting ◽  
Crude Oil Prices ◽  
Before And After

This paper investigates factors affecting Vietnam’s stock prices including US stock prices, foreign exchange rates, gold prices and crude oil prices. Using the daily data from 2005 to 2012, the results indicate that Vietnam’s stock prices are influenced by crude oil prices. In addition, Vietnam’s stock prices are also affected significantly by US stock prices, and foreign exchange rates over the period before the 2008 Global Financial Crisis. There is evidence that Vietnam’s stock prices are highly correlated with US stock prices, foreign exchange rates and gold prices for the same period. Furthermore, Vietnam’s stock prices were cointegrated with US stock prices both before and after the crisis, and with foreign exchange rates, gold prices and crude oil prices only during and after the crisis.

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